PDP vs. TEKX

Last updated Jun 24, 2026

PDP (Invesco Dorsey Wright Momentum ETF) and TEKX (SPDR Galaxy Transformative Tech Accelerators ETF) are both exchange-traded funds - PDP is a Momentum fund tracking the Dorsey Wright Technical Leaders Index, while TEKX is a Mid Cap Growth Equities fund actively managed by State Street Global Advisors. PDP is passively managed, while TEKX is actively managed. Over the past year, PDP returned 40.34% vs 156.00% for TEKX. A 0.73 correlation means they provide meaningful diversification when combined. PDP charges 0.62%/yr vs 0.65%/yr for TEKX.

Performance

PDP vs. TEKX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Dorsey Wright Momentum ETF (PDP) and SPDR Galaxy Transformative Tech Accelerators ETF (TEKX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PDP achieves a 27.87% return, which is significantly lower than TEKX's 79.26% return.

PDP

• 1D: -2.83%
• 1M: 6.30%
• YTD: 27.87%
• 6M: 24.23%
• 1Y: 40.34%
• 3Y*: 24.48%
• 5Y*: 11.14%
• 10Y*: 14.14%

TEKX

• 1D: -2.14%
• 1M: 11.93%
• YTD: 79.26%
• 6M: 72.14%
• 1Y: 156.00%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PDP vs. TEKX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
PDP Invesco Dorsey Wright Momentum ETF	27.87%	8.37%	12.35%
TEKX SPDR Galaxy Transformative Tech Accelerators ETF	79.26%	40.92%	16.00%

Correlation

The correlation between PDP and TEKX is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.76
Correlation (All Time) Calculated using the full available price history since Sep 10, 2024	0.73

The correlation between PDP and TEKX has been stable across timeframes, ranging from 0.73 to 0.76 - a consistent structural relationship.

PDP vs. TEKX - Sectors Allocation Comparison

Sectors	PDP	TEKX
Industrials	40.6%	11.2%
Technology	27.5%	54.1%
Healthcare	6.5%	-
Energy	6.1%	1.4%
Consumer Cyclical	5.6%	1.5%
Financial Services	4.4%	24.5%
Consumer Defensive	3.7%	1.3%
Basic Materials	2.4%	3.6%
Communication Services	2.2%	1.7%
Utilities	1.4%	5.3%
Real Estate	1.2%	-

Return for Risk

PDP vs. TEKX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PDP

PDP Risk / Return Rank: 59
PDP Sharpe Ratio Rank: 55
PDP Sortino Ratio Rank: 50
PDP Omega Ratio Rank: 50
PDP Calmar Ratio Rank: 72
PDP Martin Ratio Rank: 69

TEKX

TEKX Risk / Return Rank: 95
TEKX Sharpe Ratio Rank: 97
TEKX Sortino Ratio Rank: 93
TEKX Omega Ratio Rank: 91
TEKX Calmar Ratio Rank: 96
TEKX Martin Ratio Rank: 95

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PDP vs. TEKX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Dorsey Wright Momentum ETF (PDP) and SPDR Galaxy Transformative Tech Accelerators ETF (TEKX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	PDP	TEKX	Difference
Sharpe ratio: Return per unit of total volatility	1.76	4.10	-2.34
Sortino ratio: Return per unit of downside risk	2.34	4.31	-1.96
Omega ratio: Gain probability vs. loss probability	1.30	1.55	-0.25
Calmar ratio: Return relative to maximum drawdown	3.41	8.76	-5.34
Martin ratio: Return relative to average drawdown	12.03	28.47	-16.44

PDP vs. TEKX - Sharpe Ratio Comparison

The current PDP Sharpe Ratio is 1.76, which is lower than the TEKX Sharpe Ratio of 4.10. The chart below compares the historical Sharpe Ratios of PDP and TEKX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PDP vs. TEKX - Drawdown Comparison

The maximum PDP drawdown since its inception was -59.34%, which is greater than TEKX's maximum drawdown of -45.57%. Use the drawdown chart below to compare losses from any high point for PDP and TEKX.

Drawdown Indicators

	PDP	TEKX	Difference
Max Drawdown Largest peak-to-trough decline	-59.34%	-45.57%	-13.77%
Max Drawdown (1Y) Largest decline over 1 year	-11.87%	-17.92%	+6.05%
Max Drawdown (3Y) Largest decline over 3 years	-23.79%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-33.91%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-34.70%	—	—
Current Drawdown Current decline from peak	-2.83%	-2.14%	-0.69%
Average Drawdown Average peak-to-trough decline	-10.58%	-10.09%	-0.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.36%	5.50%	-2.14%

Volatility

PDP vs. TEKX - Volatility Comparison

The current volatility for Invesco Dorsey Wright Momentum ETF (PDP) is 8.05%, while SPDR Galaxy Transformative Tech Accelerators ETF (TEKX) has a volatility of 11.88%. This indicates that PDP experiences smaller price fluctuations and is considered to be less risky than TEKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PDP	TEKX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.05%	11.88%	-3.83%
Volatility (6M) Calculated over the trailing 6-month period	18.09%	30.10%	-12.01%
Volatility (1Y) Calculated over the trailing 1-year period	23.02%	38.29%	-15.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.21%	44.46%	-22.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.69%	44.46%	-22.77%

PDP vs. TEKX - Expense Ratio Comparison

PDP has a 0.62% expense ratio, which is lower than TEKX's 0.65% expense ratio.

Dividends

PDP vs. TEKX - Dividend Comparison

PDP's dividend yield for the trailing twelve months is around 0.08%, less than TEKX's 0.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PDP Invesco Dorsey Wright Momentum ETF	0.08%	0.17%	0.15%	0.42%	0.45%	0.00%	0.11%	0.25%	0.18%	0.28%	0.81%	0.39%
TEKX SPDR Galaxy Transformative Tech Accelerators ETF	0.20%	0.36%	3.47%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PDP and TEKX in my portfolio?

PDP and TEKX have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PDP or TEKX?

TEKX has higher volatility (11.88%) compared to PDP (8.05%). In terms of maximum drawdown, PDP dropped -59.34% vs TEKX's -45.57%.

Which ETF is better, PDP or TEKX?

On 1-year performance, TEKX leads with 156.00% vs 40.34% for PDP. On fees, PDP is cheaper at 0.62% per year. On volatility, PDP has been the lower-risk option at 8.05%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PDP or TEKX?

Over the 1-year period, TEKX has performed better with a 156.00% return vs 40.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PDP or TEKX?

PDP is cheaper with a 0.62% expense ratio, compared with 0.65% for TEKX.

Which ETF pays a higher dividend yield, PDP or TEKX?

TEKX has the higher dividend yield at 0.20%, compared with 0.08% for PDP.

What is the main difference between PDP and TEKX?

PDP is categorized as Momentum, while TEKX is Mid Cap Growth Equities. They also come from different issuers: Invesco and State Street Global Advisors. Their fees differ too: 0.62% for PDP and 0.65% for TEKX.

Which has better risk-adjusted returns?

TEKX currently has the higher Sharpe Ratio (4.10 vs 1.76), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.